Over 400 illegal crypto ads flagged by UK financial watchdog in 2023

The Financial Conduct Authority (FCA), the UK’s independent regulator for financial services, has intensified its scrutiny of financial promotions, particularly focusing on the crypto sector. A February 14 report from the FCA highlighted “significant levels of non-compliance” with the crypto promotion rules established on October 8, 2023. The regulator’s findings indicate a range of issues…